Making Work Pay Tax Cut
Ninety-five percent of workers will benefit directly from a refundable tax credit of up to $400 per worker ($800 per couple filing jointly) in 2009 and 2010. Taxpayers can receive this benefit through a reduction in the amount of income tax that is withheld from their paychecks or by claiming the credit on their income tax returns.

Social Security/Disability Credit
For those who are not working, but receive Social Security, SSI, or veterans’ disability compensation through the VA, the bill provides a one-time payment of $250.

College Tuition Tax Credit
The American Opportunity Tax Credit provides a credit of up to $2,500 of the cost of tuition and related expenses.

Homebuyer Tax Credit
The provision provided first-time homebuyers with a credit of up to $8,000 for the purchase of a home and strengthens the housing market by providing additional incentives for first-time home purchases.

Sales Tax Deduction for Cars and Motor Homes
The bill provides all taxpayers with a deduction for state and local sales taxes and excise taxes on the purchase of new cars and motor homes.